An X user claimed that starting rom 1 April, transfers above Rs 2,000 via UPI will be taxed. The 1.1% tax has been applicable only on Prepaid Payment Instruments since 2023.
The license, granted by the country's payments authority, came as Paytm Payments Bank will cease to operate on 15 March, following regulatory action due to non-compliance with certain norms.
Competition Commission of India also slapped Rs 936-cr fine on Google Tuesday. In a 199-page order, CCI asked the firm to adopt 8 remedies or operations adjustments within three months.
The probe has been ordered against five entities — Alphabet Inc, Google LLC, Google Ireland Ltd, Google India Pvt Ltd and Google India Digital Services Pvt Ltd.
The petition sought direction to Google India Digital Service to give an undertaking to not store data on its app under UPI ecosystem and not to share it with any third party.
Armani built a multibillion-dollar global brand from something as simple as an unstructured jacket, and broke down the walls between formal and casual.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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